St. Petersburg. Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF) have announced the completion of a deal to set up a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.
Further to an agreement announced in May 2018, Gazprom ...

Brussels. The trilateral gas talks in the EU-Russia-Ukraine format at the expert level will start next week, Anna-Kaisa Itkonen, a representative of the European Commission (EC) told TASS on Wednesday.
"The senior expert level talks are meant to be starting next week, " she said. ...

Baku, Azerbaijan. SOCAR Energy Ukraine (a subsidiary of Azerbaijan’s state oil company SOCAR) plans to greatly increase natural gas supplies to Ukraine, the company told Trend.
"In the first half of 2018, SOCAR became the leader in terms of sales of natural gas in Ukraine among ...

Singapore. Oil prices fell on Thursday as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of U. S. tariffs on another $200 billion of Chinese goods. U. S. West Texas Intermediate (WTI) crude futures CLc1 were at $68. 47 per barrel at 0031 GMT, down ...

Baku, Azerbaijan. The Kyzylorda region of Kazakhstan is considering the possibility of increasing the share of exported oil from 20 percent to 50 percent, the official portal of the governorate of Kyzylorda region said in a statement.
At the meeting with subsoil users of the region, which ...

Almetyevsk. TATNEFT again received the awards of the International Specialized Exhibition "Oil, Gas. Petrochemicals-2018”. This was reported in the press service of the company.
The awarding took place within the framework of the Tatarstan’s Oil/Gas and Petrochemical Forum ...

Moscow. Rosneft is ready to make a significant contribution into implementation of main initiatives of the May Decree of Russian President Vladimir Putin in the social development sphere, Chief Executive Officer of the oil producer Igor Sechin told TASS in an interview on Tuesday. ...

Singapore. Oil prices fell on Wednesday, partly reversing a strong jump from the previous day, as the impact of a tropical storm on U. S. Gulf coast production was not as strong as initially expected.
U. S. West Texas Intermediate (WTI) crude futures CLc1 were at $69. 47 per barrel at ...

Qatar. Qatar has set the August retroactive official selling price (OSP) for its Marine crude at $72. 90 per barrel, down from $73. 55 a barrel for the previous month, a document issued by the company and reviewed by Reuters late on Monday showed, Reuters reports.
That set the August OSP ...

Baku, Azerbaijan. Azerbaijan's "Azeri-Chirag-Guneshli" (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian sea brought in some $135. 142 billion to the State Oil Fund of Azerbaijan (SOFAZ) since the beginning of 2001 and until September 1, 2018, the Fund ...

Moscow. The news come after Russian energy giant Gazprom announced earlier its resolution to increase gas extraction by 12. 4 percent up to 471 billion cubic meters. This year, it has managed to increase it to 325. 4 billion cubic meters, Gazprom said in a statement on Monday. ...

Baku, Azerbaijan. The first gas from the Absheron field is planned to be received in 3Q2020, the French company Total, which is the operator of the field development told Trend.
"Absheron first phase of development is ongoing: drilling of the first development well started in February ...

Moscow. The beginning of August made oil companies nervous. The Brent lost another 4. 8% adding to July’s losses and reached a dangerous level of $70. 4. It could have gone as low as $68. Luckily it didn’t. The quotes surged in the second half of August adding 10. 9%. The ...

Singapore. U. S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.
U. S. West Texas Intermediate (WTI) crude futures were at $70. 04 per barrel at 0034 GMT, up 24 cents, or 0. 3 percent ...

Baku, Azerbaijan. Azerbaijan’s state oil company SOCAR CNG has commissioned CNG (compressed natural gas) filling stations for trucks in Turkey, the company said in a message posted on its website.
These gas filling stations are created at a distance of 200-250 km from each other, on ...